Kobe Steel Reports First Quarter Earnings Drop to JPY 12.2 Billion

Kobe Steel Ltd. reported a significant decline in earnings for the first quarter of 2026, with total earnings falling to JPY 12.199 billion, or JPY 30.87 per share. This represents a sharp drop from the JPY 38.637 billion, or JPY 98.03 per share, recorded during the same period last year.

Despite the decrease in the bottom line, the company saw revenue rise 1.6% to JPY 578.349 billion, up from JPY 569.056 billion in the previous year. For the full fiscal year, Kobe Steel issued guidance projecting total revenue of JPY 2.690 trillion and earnings per share of JPY 252.09.